Worries Deepening over Dunaferr Steelworks in Hungary
ISD DunaferrISD Dunaferr

Worries Deepening over Dunaferr Steelworks in Hungary

Hungary Today reported that worrying developments are gathering over Dunaujvaros Dunaferr steel works. After production had slowed down, ISD

Hungary Today reported that worrying developments are gathering over Dunaujvaros Dunaferr steel works. After production had slowed down, ISD Dunaferr Ltd delayed employee salaries and terminated the collective agreement. In the latest turn, trade union leaders have been fired and barred from the premises. While ISD Dunaferr was profitable both in 2017 and 2018, problems arose years ago that can be attributed to, among other things, the world phenomena of the steel industry and Dunaferr’s market positions. The coronavirus pandemic only made things worse, resulting in production having to be cut back. The Trade Union was first targeted in August when ISD Dunaferr terminated the collective agreement, saying that cooperation with them is impossible because the trade union is divorced from reality. So far, the management refused to go into talks about a new one. Then in October, salary payments were also delayed and rescheduled, a problem that is still not resolved, blaming the harsh drop in production.

The steelworks, in operation since 1954, first as Stalin Steelworks, currently employs around 4,500 people. Before the factory construction during the communist era, Dunapentele was only a small village by the Danube that was later renamed Stalin City, then Dunaujvaros. The city and its surroundings largely hinge on the steelworks.

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